Swiss bank are renowned for thair secrecy. This banks ensure the higher level of privacy for deposite. That resulted in huse deposits of laundered money to this banks. Swiss bankers association reported in 2015 that $6.5 Trillion worth of assets are held in swiss banks. 51% of this worth was genarated from out of the country. UBS & Suisse are the two largest banks. They collectively account for more than 50% of the deposite in switzerland.
What is the so speacial about so that all the black money goes to this banks?
Opening an account in swiss bank is easiar than any other bank in the world. Some swiss banks are also allow opening an account by mail or fax but this practice is not allowed for opening a numbered account.
Any adult person or company can open an account in swiss bank but some trick procedures need to be followed.
3.The money deposited in swiss bank withdrown anytime without any question.
If the bank collapses financially, exist for all accounts ensure that all money is returned to the account holders.
In 1934, banking law confined swiss banks from disclosing names of thair account holders and declared in a crime to do so.
Swiss bank use some code of accounts that hides the identity of the account holders from public.
Strick banker-client cinfidentially is practiced. The protection & confidentiality of this bank is similiar to between lawyer- client or doctor-patient.
Swiss banking law forbids bankers to reveal that an account of and individual even existed. This is very favorable for criminals. Violation of secrecy is a punishable offence.
9.Swiss banks ensure that their deposits are protected from conflicts, financial crisis & carry low financial risk.
You can open an account by any corrency of the world. USD, EURO, GBP, CHF & CAD are most common currency.